The production and revenue report was fine, but we have silence on refinancing, new projects and the battery opportunity. I appreciate announcements must await action - so where is the activity we were told would come from the capital raise in May? That alleged circuit breaker was 9 months ago and IFN is still just sitting on the cash. No wonder the SP is falling. Mr Market has concluded this business is comatose.
If the BoD is cunningly engaging in masterly inactivity, then tell us so and why. If new projects are impossible because of connections/permits, then pay off the restrictive covenant debt.
I have invested in a blancmange.
Act and act well.
Ash
IFN Price at posting:
57.5¢ Sentiment: Hold Disclosure: Held
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